Asset Declaration Platform Archives - Synergy International Systems | Empowering Impact-Driven Organizations Thu, 21 Dec 2023 09:58:36 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.1 https://www.synisys.com/wp-content/uploads/2022/07/favikon.webp Asset Declaration Platform Archives - 32 32 Synergy Helps Boost Corruption Prevention in Armenia with a Robust Asset Declaration Platform https://www.synisys.com/news/synergy-helps-boost-corruption-prevention-in-armenia-with-a-robust-asset-declaration-platform/ Thu, 04 May 2023 10:04:35 +0000 https://www.synisys.com/?p=87713 The new asset declaration platform, developed by Synergy, will be pivotal in enabling the CPC to detect and prevent corruption.

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On February 1, 2023, Armenia’s Corruption Prevention Commission (CPC) launched the Electronic Platform for Declarations of Assets, Incomes, Expenditures, and Interests (EPD). The new asset declaration system will be pivotal in enabling the CPC to detect and prevent corruption. It is funded by the World Bank and developed by Synergy.

From now on, all high-ranking public officials and their family members will file declarations electronically using the EPD. The online system will help the CPC fulfill its mandate of reviewing, verifying, and analyzing disclosures and conducting integrity checks to spot discrepancies and potential cases of illicit enrichment. Armed with the EPD, the CPC will be in a stronger position to root out corruption and support the recovery of stolen assets.

The EPD will also benefit declarants by making it easier for them to prepare and file annual declarations. By automatically pulling data from other government databases and registries (cadastral, civil, state revenue, and police), the system auto-populates the relevant fields of the declaration form and thereby saves declarants a lot of time and effort. The EPD is now live, and different groups of declarants are already using it.

The CPC was established in November 2019 as part of a comprehensive reform of Armenia’s anti-corruption system following the 2018 Velvet Revolution. A recent USAID handbook highlights the importance of asset declaration systems in helping anti-corruption agencies combat kleptocracy and boost corruption prevention.

Synergy developed the asset declaration system using its IDM platform.

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